Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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A $15,000 note is signed for 90 days at a discount rate of 9.25%. Calculate
the proceeds.
A) $14,653.75
B) $14,000.00
C) $15,000.00
D) $14,895.25
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Transcribed Image Text:A $15,000 note is signed for 90 days at a discount rate of 9.25%. Calculate the proceeds. A) $14,653.75 B) $14,000.00 C) $15,000.00 D) $14,895.25
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